Ethics and the Market: Insights from Social Economics, 1st Edition (Paperback) book cover

Ethics and the Market

Insights from Social Economics, 1st Edition

By Betsy Jane Clary, Wilfred Dolfsma, Deborah M. Figart


240 pages | 7 B/W Illus.

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Comprising cutting-edge work on the state of social economics today, this theoretically diverse book includes strong emphasis on the role of ethics, morality, identity, and society in economic theorizing.

Much existing economic theory overlooks ethics. Rather than situating the market and values at separate extremes of a continuum, Ethics and the Market contends that the two are necessarily and intimately related. This volume brings together some of the best work in the social economics tradition, with strong contributions and pedagogy, and a cross-national blend of economics, philosophy, and policy. The contributors embed the economic within the social, rather than viewing 'the economy' and 'society' as separable spheres of life activity, and in so doing, three key themes are illuminated, corresponding to the volume's tripartite structure:

  • Morality and Markets
  • Redefining the Boundaries of Economics
  • Social Economics in Transition.

Ethics and the Market illuminates the diverse and dynamic theoretical approaches that are employed in social economics, reflecting on their continuously evolving relationship with neoclassical economics. Taking an innovative approach, this integrative book challenges traditional ways of thinking, and will prove vital reading for students and academics in the fields of Economics, Sociology, Gender Studies, and Public Policy.

Table of Contents

List of Illustrations. Notes on Contributors. Acknowledgments. List of Abbreviations. 1. Introduction Part 1: Morality and Markets 2. The Moral Embeddedness of Markets 3. Creative Destruction and Community 4. Borrowing Alone: The Theory and Policy Implications of the Commodification of Finance 5. Teaching the Ethical Foundations of Economics: The Principles Course Part 2: Redefining the Boundaries of Economics 6. The Normative Significance of the Individual in Economics 7. The Impact of Identity on Economics 8. The Relationship between Consumption and Production: Conceptualizing Well-Being Inside the Household 9. Social Economy as Social Science and Practice: Historical Perspectives on France 10. France and Québec: Progressive Alternatives Embodied in Different 'Social Economy' Traditions Part 3: Social Economies in Transition 11. Accounting for Societal Externalities 12. Ethnicity, Democracy and Economic Development: A Pluralist Approach 13. A Gender-Aware Approach to International Finance 14. Social Capital and the Capability Approach: A Social Economic Theory

About the Authors

Betsy Jane Clary is Professor of Economics at the College of Charleston in South Carolina, USA.Wilfred Dolfsma is both an economist and philosopher and is affiliated with Erasmus University Rotterdam and Maastricht University, the Netherlands. Deborah M. Figart is Dean of Graduate Studies at The Richard Stockton College of New Jersey, USA.

About the Series

Routledge Advances in Social Economics

This series presents new advances and developments in social economics thinking on a variety of subjects that concern the link between social values and economics. Need, justice and equity, gender, cooperation, work, poverty, the environment, class, institutions, public policy, and methodology are some of the most important themes. Among the orientations of the authors are social economist, institutionalist, humanist, solidarist, cooperativist, radical and Marxist, feminist, post-Keynesian, behaviorist, and environmentalist. The series offers new contributions from today’s most foremost thinkers on the social character of the economy. 

Publishes in conjunction with the Association of Social Economics.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economics / General
BUSINESS & ECONOMICS / Economics / Theory
POLITICAL SCIENCE / Public Policy / Social Policy